The Grove
Directive.
Perspective: Protocol.
The Grove is responsible for managing 3's PHAs (Protocol Held Assets). Once procured by The Guild, assets are sent to The Grove's HC (Holding Contract), where they are deposited into designated CDPs or LDPs.
By default, assets are auto-compounded until composed into 3.NFTs. (Once 3's governance modules are deployed:) Only Legends (will be) allowed to compose PHAs into 3.NFTs. Likewise, only Legends may burn 3.NFTs, returning PHA positions to a compound state.
Perspective: User.
The Grove serves 3's community in very much the same way as it does the Holding Contract; as an asset management tool: Building, Directing and Composing assets to meet the individual needs of the user.
The following are PSU's that fall under The Grove:
The Holding Contract.
Receives and redirect asset acquisitions into designated working vehicles.
The Compound Engine.
Deposit Pools.
Primary directive is to compound rewards received into the deposited asset.
Secondary directive is to liquidate rewards into 3's designated stable: crvUSD.
Signals.
Manages compound paths; enables diversification without reallocating principle deposit balances.
The following are tokens native to The Grove:
Deposit receipts.
'3' token receipts (also referred to as 'deposit receipts'), account for user and protocol PHA deposits. These receipts are composable into 3.NFTs, enabling users (and the Grove), to pivot between Deposit Pool directives (Growth or Cashflow).
3.NFTs.
Turn-key-cashflow assets; 3.NFTs pivot a Deposit Pool directive from Growth to Cashflow; liquidating rewards to stables rather than compounding the deposited asset.
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